17th Apr 2026 07:00
17 April 2026
Serica Energy plc
("Serica" or "the Company")
Long Term Incentive Plan Awards
London, 17 April 2026 - Serica Energy plc (AIM: SQZ) announces that on 16 April 2026, the Company has granted nil-cost options over a total of 1,640,464 ordinary shares (the "Awards") of US$0.10 each (representing approximately 0.4168% of the Company's issued share capital) in accordance with the rules of the Serica Energy plc 2017 Long Term Incentive Plan ("LTIP"). The award has been made to members of the Group's executive team and senior management.
The Awards include nil-cost options over a total of 787,789 ordinary shares of US$0.10 each to executive directors as set out in the table below and are subject to vesting criteria that are designed to incentivise performance that delivers value for all shareholders.
The vesting criteria is subject to achievement of a relative TSR performance target, measured at the end of a three-year performance period commencing on 1 April 2026. Full details of the relative TSR performance target is detailed in the Company's Annual Report and Accounts that will be published to shareholders shortly.
Director / PDMR | Position | Number of shares awarded |
Christopher Cox | Chief Executive Officer | 523,255 |
Martin Copeland | Chief Financial Officer | 264,534 |
The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further detail.
Enquiries:
Serica Energy plc Martin Copeland (CFO) / Andrew Benbow (Head of Investor Relations)
| +44 (0)20 7487 7300 |
Peel Hunt LLP (Nomad and Broker to Serica) Richard Crichton / David McKeown / Emily Bhasin
| +44 (0)207 418 8900 |
Jefferies (Joint Broker) Sam Barnett / Cameron Jones | +44 (0)20 7029 8000 |
Vigo Consulting (PR Adviser to Serica) Patrick d'Ancona
| +44 (0)20 7390 0230 |
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Christopher Cox | |
2 | Reason for the notification | ||
a) | Position/status | Chief Executive Officer | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Serica Energy plc | |
b) | LEI | 213800EZZOKA815VC426 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of US$0.10 per share par value | |
Identification code | GB00B0CY5V57 | ||
b) | Nature of the transaction | Award of options under the LTIP | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
N/A | 523,255 | ||
d) | Aggregated information | N/A (single transaction) | |
Aggregated volume | |||
Price | |||
e) | Date of the transaction | 16 April 2026 | |
f) | Place of the transaction | Outside a trading venue | |
Details of the person discharging managerial responsibilities / person closely associated | ||
Name | Martin Copeland | |
Reason for the notification | ||
Position/status | Chief Financial Officer | |
Initial notification/Amendment | Initial Notification | |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
Name | Serica Energy plc | |
LEI | 213800EZZOKA815VC426 | |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
Description of the financial instrument, type of instrument | Ordinary shares of US$0.10 per share par value | |
Identification code | GB00B0CY5V57 | |
Nature of the transaction | Award of options under the LTIP | |
Price(s) and volumes(s) | Price(s) | Volume(s) |
N/A | 264,534 | |
Aggregated information | N/A (single transaction) | |
Aggregated volume | ||
Price | ||
Date of the transaction | 16 April 2026 | |
Place of the transaction | Outside a trading venue | |
Related Shares:
Serica Energy